[Vietnam Local Steel Prices Rise as Major Producers Announce Price Hikes]

Published: Jul 30, 2026 17:36

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Local steel prices in Vietnam have increased after Hoa Phat, Kyoei Vietnam, Viet Italia Steel (VIS), Vinausteel, and Southern Steel (VNSteel) raised construction steel prices by VND100,000 per ton (excluding VAT). The price adjustments were announced between July 28 and August 1, 2026, with companies citing higher steel billet, raw material, fuel, exchange rate, and financing costs.

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